East Asia mills confronted with high-priced scrap imports

摘要

Steelmakers in East Asia arefacing mounting price pressures, as ferrousscrap bought earlier at higher prices are dueto arrive at a time when steel prices havefallen sharply, sources at regional electricarc furnaces said this week.Mills that bought scrap from deepseasources like the US in October at around$355/mt CFR for bulk HMS I/II 80:20 areseeing shipments arrive between end-November to December.